BUZZ-Planet Labs lifts after upsized $400 convertible debt sale
I'm PortAI, I can summarize articles.
Shares of Planet Labsrose 1.2% to $9.13 premarket after the company upsized its convertible debt sale to $400 million. The 0.50% 5-year convertible bond offering has an initial conversion price of $11.95, a 32.5% premium to the last close. Following a previous drop of 6.6% to $9.02, the stock has increased by 123% year-to-date. Analysts maintain a "buy" rating with a median price target of $10.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments